Do you ever talk to your buyer's about taking title and what their options are? If not, why not? If so, why, and how?
I have seen multiple buyers, especially first time, (or first time in a state) go to a closing and take the title as it is prepared, the attorney or other closing entity not asking one question about how the buyers would like to take title. For instance, here, in Georgia, multiple buyers, including married couples, can take title to a property either as Joint Tenants or Tenants in Common. And most don't really understand the difference or the implications. In other states, there may be different title options, or restrictions.
When my parents bought property in Arizona they purchased as joint tenants. When my father died, my mother thought that she had received the rights to the property. I purchased the property from my mother, or, at least I thought that I did. Come to find out, I only purchased 1/2 of the property, her half. However, I did not find this out until I sold the property, 15 year after my mother died. Nobody told my parents that they need to add "with Rights of Survivorship" in order for my mother to get my father's half. It took some money, and some time, but we were able to get things corrected.
But back to my question, do you ever talk to your buyer's about title? I know that I do, although I only point out the options here in Georgia and do not advise them as to what would be best in their circumstances. I recommend that if they want legal advice as to how they should take title, to talk to an attorney.
Like I said, it might not be a catchy title, but, how a title is taken can catch the buyers unaware when it is time to sell.
As you stated at the end, it is best to get "how to take title" advise from an attorney. Our title companies provide many brochures on the different forms of title and we give these to our clients when we open escrow.